Cover Policy Papers
Policy Steps to Address the Corona Crisis
Author:
International Monetary Fund
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Series:
Policy Papers
Volume/Issue:
Volume 2020: Issue 015
Language:
English
Publication Date:
16 Mar 2020
DOI:
https://doi.org/10.5089/9781513536927.007
ISBN:
9781513536927
ISSN:
2663-3493
Pages:
5
Keywords:
PP; market liquidity; market; authority; crisis; financial support; market functioning; market condition; liquidity pressure; liquidity strain; financial market stress; COVID-19; Bank soundness; Global
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Monitoring, containing and mitigating the effects of the corona virus are top priorities. Timely and decisive actions by health authorities, central banks, fiscal, regulatory and supervisory authorities can help contain the virus outbreak and offset the economic impact of the pandemic. Central banks must support demand and confidence by preventing a tightening of financial conditions, lowering borrowing costs for households and firms, and ensuring market liquidity. Fiscal policy must step up to provide sizable support to the most affected people and firms, including in hard-to-reach informal sectors. Regulatory and supervisory responses must aim to preserve financial stability and banking system soundness while sustaining economic activity.
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Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund
Volume 2020: Issue 015